Comcast Co. (NASDAQ:CMCSA) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,385 shares of the cable giant’s stock after selling 313 shares during the period. SeaCrest Wealth Management LLC’s holdings in Comcast were worth $602,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Luken Investment Analytics LLC lifted its stake in shares of Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 418 shares during the period. Steph & Co. increased its holdings in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in Comcast during the 4th quarter valued at about $28,000. IAG Wealth Partners LLC increased its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC purchased a new position in Comcast during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. KeyCorp lowered their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Finally, Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Stock Up 0.0 %

Shares of CMCSA stock traded up $0.02 on Wednesday, reaching $40.05. 1,506,860 shares of the company’s stock traded hands, compared to its average volume of 20,132,826. The company has a market capitalization of $157.14 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The business’s 50 day moving average price is $38.78 and its two-hundred day moving average price is $40.06.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share. On average, equities analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.10%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.